1. Combine ¼ pound butter , shallots, cilantro, chipotle peppers, lime juice and salt in small mixer bowl; beat on high speed until light and fluffy. Set aside.

2. Heat ½ tablespoon butter in large nonstick skillet over medium-high heat until hot. Place two beef "prime" rib slices in skillet; sear 4 to 5 minutes or until lightly browned and heated through, turning once. Transfer beef to platter; keep warm. Repeat with remaining ½ tablespoon butter and beef slices.

3. Top each beef slice with 2 tablespoons chipotle butter. Serve with remaining chipotle butter, as desired.

Cook's Tip: Chipotle butter can be prepared up to 2 days in advance. Shape into a roll and wrap in plastic wrap. Refrigerate. To use, cut crosswise into thin slices.

Chipotle chiles in adobo sauce are dried smoked jalapeno peppers packed in a red piquant sauce made from dried chiles, herbs and vinegar. Chipotle peppers in adobo sauce can be found in the ethnic food section of large supermarkets.

Note: Fully-cooked beef "prime" rib slices may be available in individual packages or four to a package.